GAMMA Investing LLC Acquires 3,145 Shares of News Corporation $NWS

GAMMA Investing LLC raised its holdings in News Corporation (NASDAQ:NWS) by 27.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,620 shares of the company’s stock after purchasing an additional 3,145 shares during the quarter. GAMMA Investing LLC’s holdings in News were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of NWS. Rhumbline Advisers grew its position in News by 1.0% during the first quarter. Rhumbline Advisers now owns 205,729 shares of the company’s stock valued at $6,248,000 after buying an additional 2,072 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of News during the 1st quarter valued at approximately $377,000. Wealth Enhancement Advisory Services LLC grew its position in shares of News by 8.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,468 shares of the company’s stock valued at $409,000 after acquiring an additional 1,024 shares during the period. Asset Management One Co. Ltd. grew its position in shares of News by 20.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company’s stock valued at $97,000 after acquiring an additional 542 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of News by 22.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 220,230 shares of the company’s stock valued at $6,688,000 after acquiring an additional 40,731 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Price Performance

News stock opened at $33.41 on Friday. News Corporation has a one year low of $26.25 and a one year high of $35.58. The business has a fifty day moving average price of $33.61 and a 200-day moving average price of $32.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. The firm has a market capitalization of $18.88 billion, a P/E ratio of 16.06 and a beta of 1.18.

News (NASDAQ:NWS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. News had a return on equity of 5.66% and a net margin of 13.21%.The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, equities research analysts forecast that News Corporation will post 1.03 EPS for the current year.

News Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a yield of 63.0%. News’s dividend payout ratio (DPR) is currently 9.62%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised News to a “strong sell” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.